The Onion bids for Infowars

The bid involves licensing Jones's intellectual property and assets to transform the brand into a source of satire.

Infowars is currently being sold to satisfy over $1 billion in defamation judgments owed to the families of Sandy Hook victims.

The Onion's CEO stated the plan has 'grand designs' beyond simply owning the platform, aiming to target internet influencers and misinformation.

A Texas judge will need to approve the licensing arrangement before the transition can proceed.